Today, FinCap joins eight other community organisations to publish a joint statement signalling our desire to engage with the Government to protect vulnerable borrowers. The Government has committed to ‘Rewrite the Credit Contracts and Consumer Finance Act 2003 to protect vulnerable consumers without unnecessarily limiting access...
NZBA Media Release: Spotlight on a day in the life of a financial mentor Decision makers from government and the financial sector are spending time with financial mentors to get practical insights into their daily work and the assistance they offer clients experiencing vulnerability and financial...
FinCap warmly welcomes todays Government announcement of a one-off, time-limited funding boost of $3 million for providers to assist whānau in accessing MSD-funded Building Financial Capability services. Minister for Social Development and Employment Carmel Sepuloni acknowledged that demand for Financial Capability Services is growing as people...
A report released today shows financial mentors and their clients are benefiting from a partnership between FinCap and the New Zealand Banking Association – Te Rangapū Pēke. The partnership, which is funded by NZBA’s member banks, provides $5 million over five years to fund initiatives...
In the light of newly published findings in a growing body of research, FinCap renews its calls for regulation to prevent unacceptable debt collection practices in Aotearoa. Regulating Debt Collection Practices in New Zealand: Options for Reform is a research paper authored by Tallara Daldorf and...
Financial mentors and FinCap have been sounding the alarm around harm from Buy Now Pay Later lending in our communities for some time and today Minister Clark announced action to better regulate this lending. We welcome the announcement by Minister Clark that the Government is moving to make...
Financial mentors and banks are working together to help people in small communities across New Zealand to access banking services. These ‘banking collaborations’ are one of several projects being delivered under a partnership between FinCap and the New Zealand Bankers’ Association, which is funded by...
As FinCap digests the Government’s response today to the Investigation into the impacts of Credit Contracts and Consumer Finance Act 2003 changes, we continue to stress the importance of safe lending laws to support whānau as they are up against current and increasing financial pressures. The...
FinCap and Muaūpoko Tribal Authority (MTA) strongly support Citizens Advice Bureau New Zealand calling for inclusion in the digital age as a special debate on inclusion is due to commence in Parliament at 3pm today. FinCap and Muaūpoko Tribal Authority work in partnership to increase whānau...
FinCap welcomes the Financial Markets (Conduct of Institutions) Amendment Bill and especially the incoming requirement that banks and insurers consider how their conduct could challenge the wellbeing of those unable to pay. Ruth Smithers is the Chief Executive of FinCap, an organisation supporting around 900 community...